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2421724
ECONOMICS SYSTEM
Descrição
society, economics and politics
Sem etiquetas
tecnologico de monterrey
society
economics and politics
para estudiar
ciclo general
Mapa Mental por
Antonio Espinoza
, atualizado more than 1 year ago
Mais
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Criado por
Antonio Espinoza
mais de 9 anos atrás
45
0
0
Resumo de Recurso
ECONOMICS SYSTEM
COMPRISED OF THR VARIOUS PROCESSES
ORGANIZING AND MOTIVATING LABOR
PRODUCING, CIRCULATING, AND DISTRIBUTING OF THE FRUITS OF HUMAN LABOR
PRODUCTS AND SERVICES, CONSUMER GOODS, MACHINES, TOOLS, AND OTHER THECNOLOGY
USED AS INPUTS TO FUTURE PRODUCTION
INFRASTRUCTURE WITHIN AND THROUGH WICH PRODUCTION, DISTRIBUTION AND CIRCULATION OCCURS
DETERMINED BY THE POLITICAL, CULTURAL, AND ENVIROMENTAL CONDITIONS
USUALLY DEFINED WITHIN DETERMINATE POLITICAL BOUNDARIES
IS THE WAY IN WICH
PRODUCTION
CONSUMPTION
DISTRIBUTION
OF GOOD AND SERVICES ARE ORGANIZED
TYPES
MARKET
PEOPLE ACT VOLUNTARY
FOR FINANCIAL GAIN
PERSONAL SATISFACTION
FIRMS BUY FACTORS
PRODUCE OUTPUTS IN A WAY THAT WILL MAXIMIZE THEIR PROFITS
CONCUMER SUPPLY FACTORS AND BUY CONSUMER GOODS
MAXIMIZE THEIR SATISFACTION
AGREEMENTS ON PRODUCTION AND CONSUMPTION ARE MADE VOLUNTARY
USA
COMMAND
DECISIONS MADE BY THE GOVERNMENT BUREAUCRACY
THE PLANNING BUREAUCRACY DETERMINES THE THREE ECONOMIC QUESTIONS
PEOPLE LINKED BY A VERTICAL RELATIONSHIP
CONTROL IS HIERARCHY
NORTH KOREA
MIXED
FREE ECONOMIC ACTIVITY
SOME GOVERNMENT INTERVENTION AND REGULATION
TRADITIONAL
AUSTRALINA ABORIGINES
CAPITALISM
CHARACTERIZED BY PRIVATE OWNERSHIP OF RESOURCES AND MARKETS
MUST HAVE
PRIVATE OWNERSHIP OF RESOURCES
DECENTRALIZED DECISION MAKING USING MARKETS
WEAKNESS
UNEQUAL DISTRIBUTION OF INCOME
FAILURE TO PROTECT ENVIROMENT
STRENGTHS
ECONOMIC EFFICIENCY
ECONOMIC FREEDOM
SOCIALISM
GOVERNMENT OWNERSHIP OF RESOURCES AND CENTRALIZED DECISION MAKING
ALSO CALLED COMMAND SOCIALISM
COMMAND SYSTEM OWNS AND CONTROLS THE MAJOR INDUSTRIES
STEEL
ELECTRICITY
AGRICULTURE
FREE MARKETS CAN EXIST IN FARMING, RETAIL TRADE, AND CERTAIN SERVICES AREAS
STRENGTHS
EQUITABLE DISTRIBUTION OF INCOME
RAPID ECONOMIC GROWTH
WEAKNESS
ECONOMIC INEFFICIENCY
GOVERNMENT BUREAUCRATS
WITHIN THE ECONOMIC SYSTEM WE CAN FIND
PRODUCING UNITS
MARKETS
RESOURCES
ECONOMIC SECTORS
PRIMARY
ACTIVITIES WHICH ARE DEVELOPED THROUGH THE NATURAL RESOURCES OF A COUNTRY
SECONDARY
INDUSTRIAL ACTIVITIES THROUGH WICH RAW MATERIALS ARE TRANSFORMED INTO PRUDUCTS
TERCIARY
ALL ECONOMIC ACTIVITIES WHICH ARE PERFORMED BY SERVICES
FACTORS OF PRODUCTION
LAND
LABOUR
CAPITAL
ENTREPRENEURIAL SKILLS
ECONOMIC AGENTS
INDIVIDUALS
HOUSEHOLDS
FIRMS
GOVERNMENT
THE REST OF THE WORLD
DISTRIBUTION OF RESOURCES DEPENDS ON THE ECONOMIC SECTOR
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